Lea County, NM real estate

What the numbers say

Lea County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Lea County listed for $328,725, down 4.2% from a year earlier. That is 18% below the New Mexico median of $399,475.

Homes spent a median of 48 days on the market, slower than 46 days a year ago. That makes Lea County the #1 fastest-selling of 12 New Mexico counties we track.

Homeowners in Lea County pay a median of $879 a year in property taxes on a median home value of $184,000, an effective rate of about 0.48%. The New Mexico average is 0.70%, which makes Lea County the #8 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $1,101 a month, and $1,021 for a two-bedroom. At today's prices a typical home costs about 25 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $329,000 home here comes to about $2,060 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $88,000 a year (the median household here earns $68,015).